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Investment Advisors

Investment advice, investment advisors – better trust your own judgement. After getting yourself informed, using all pertinent channels of information available free of charge. Don’t blindly trust those who more often than not rely on guesswork and needing to take in a whole slew of data on overall market conditions, domestic as well as international. Definition of investment advisor [ http://www.investopedia.com/terms/i/investmentadvisor.asp ].
One good example of investments proposed by banking investment advisors are mutual funds. As known: “mitgefangen, mitgehangen”. How many millions of investors are clumped together in one big investment fund, managed by a few (more or less capable), and when something goes wrong, “all of us hang with it” [ http://www.stock-world.de/index.html ].
Years ago on the advice of my then investment advisor I had also put some of my money into several mutual funds. Result: losses, high capital gains taxes to pay (each and every one of the investors must pitch in) despite the market value dropping. Pursuent to my research of what some funds are invested into I found some obscure off-shore banks, and others none existant. After my decision to rid myself of all mutual funds, my entire retirement portfolio went up again in overall value. Today I trust myself. Despite the fact that I may still loose money, but at least it is lost value based on my own stupidity and not somebody elses.